We shall now give the rule established in New York (see Johnson's Chancery Reports, vol. i., page 17,) for computing the interest on a bond or note, when partial payments have been made. The same rule is also adopted in Massachusetts, and in most of the... Mental and Practical Arithmetic - Page 217by Charles Davies - 1838 - 288 pagesFull view - About this book
| Leonard Pierce - Arithmetic - 1823 - 170 pages
...the following manner, as established by the courts of law in Massachusetts : "Cast up the interest **to the time of the first payment, and if the payment exceed** the interest, deduct the excess from the principal, and cast the interest upon the remainder to the... | |
| Zadock Thompson - Arithmetic - 1828 - 238 pages
...would in time he extinguished hy the payment of the interest annually. II. Compute the interest up **to the time of the first payment, and if the payment exceed** the interest, deduct the excess from the principal, and cast the interest on the remainder up to the... | |
| William Slocomb - 1828 - 160 pages
...interest, on which partial payments have, at different times, been made. — Some calculate the interest up **to the time of the first payment, and if the payment exceed** the interest, deduct the excess from the principal, and then again to the time of the second payment,... | |
| William Kinne - 1829 - 246 pages
...Massachusetts, established the following more equitable Rule. — When there are endorsements, find **the interest on the principal to the time of the first payment,** add it to the principal, and from the sum subtract the payment then made; if the endorsement be not... | |
| William Kinne - Accounting - 1831 - 248 pages
...of Massachusetts, established the following more equitahle Rule.—When there are endorsements, find **the interest on the principal to the time of the first payment,** add it to the principal, and from the sum subtract the payment then made ; if the endorsement be not... | |
| Zadock Thompson - Arithmetic - 1832 - 182 pages
...would in time oe extinguished by the payment of the interest annually. II. Compute the interest up **to the time of the first payment, and if the payment exceed** the interest, deduct the excess from the principal, and cast the interest on the remainder up to the... | |
| Charles Davies - Arithmetic - 1833 - 284 pages
...when it becomes due ? Ans. $349,04+. We shall now give the rule established in NewYork, (See Johnson's **Chancery Reports, Vol. I. page 17,) for computing the interest on a** bo"'' nr note, when partial payments have been made 18 same rule is also adopted in Massachusetts,... | |
| Charles Guilford Burnham - Arithmetic - 1837 - 266 pages
...following is the more general method, and is established by law in Massachusetts. Compute the interest up **to the time of the first payment ; and if the payment exceed** the interest, deduct the excess from the principal, and cast the interest on the remainder up to the... | |
| Charles Guilford Burnham - Arithmetic - 1841 - 324 pages
...partial payments have been made. The following is, in substance, the RULE : Compute the interest up **to the time of the first payment ; and if the payment exceed** the interest, deduct the excess from the principal, and cast the interest on the remainder up to the... | |
| Charles Davies - Arithmetic - 1844 - 666 pages
...Springs. Ans. $1113,40 + . § 16O- We shall now give the rule established in New York, (See Johnson's **Chancery Reports, Vol. I. page 17,) for computing...in Massachusetts, and in most of the other states.** RDXE. I. Compute the interest on the principal to the time of the fast payment, and if the payment... | |
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